The rupee was introduced in 1932, replacing the silver mohar. Initially, the rupee was called the mohru in Nepalese. Its value was pegged to the Indian rupee in 1993 at a rate of 1.6 Nepalese rupees = 1 Indian rupee.

Hong Kong was a dependent territory of the United Kingdom from 1842 until the transfer of its sovereignty to the People's Republic of China in 1997. Even so, Hong Kong maintains its own monetary system.